C000190645 Fees and Costs — Nomura VIP Asset Strategy Series, Standard Class
Data updated: 2026-08-24
The net expense ratio is 0.52%: a 0.70% management fee plus 0.09% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $208K in broker commissions, 0.0362% of average net assets, and portfolio turnover was 76%.
C000190645 Fees and Expenses
Annual operating expenses and sales charges of C000190645. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.52% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000190645 Costs Over Time
On $10,000 invested in C000190645, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,412 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000190645 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0362%
- Total broker commissions: $208K
- Bought from dealers (principal trades, not a cost): $781.7M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
C000190645 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $26K | 16.77% |
| CitiGroup Global Markets Inc. | $21K | 13.53% |
| J.P. Morgan Securities LLC | $19K | 12.48% |
| UBS SECURITIES LLC | $17K | 11.29% |
| BOFA SECURITIES, INC. | $15K | 10.02% |
| JANE STREET EXECUTION SERVICES, LLC | $15K | 9.55% |
| MORGAN STANLEY & CO. LLC | $13K | 8.20% |
| ADVANTAGE SECURITIES LLC | $12K | 7.83% |
| BNP PARIBAS SECURITIES CORP. | $9K | 5.64% |
| GOLDMAN SACHS & CO. LLC | $7K | 4.68% |
C000190645 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $289.7M | 42.30% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $79.4M | 11.59% |
| GOLDMAN SACHS & CO. LLC | $62.4M | 9.11% |
| BOFA SECURITIES, INC. | $57.2M | 8.36% |
| BARCLAYS CAPITAL, INC. | $37.8M | 5.52% |
| CitiGroup Global Markets Inc. | $37.0M | 5.40% |
| STONEX FINANCIAL INC. | $35.4M | 5.16% |
| MORGAN STANLEY & CO. LLC | $30.1M | 4.40% |
| J.P. Morgan Securities LLC | $28.3M | 4.14% |
| CITADEL SECURITIES LLC | $27.4M | 4.01% |
Nomura VIP Asset Strategy Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000190645 | Standard Class | 0.52% | — |
| C000017158 | Service Class | 0.77% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.